{"title":"Economic methodology to preserve the past? Some reflections on <i>economic theories and their dueling interpretations</i>.","authors":"Catherine Herfeld","doi":"10.1080/1350178X.2024.2404187","DOIUrl":"https://doi.org/10.1080/1350178X.2024.2404187","url":null,"abstract":"<p><p>Methodological appraisal usually aims at a discourse that contributes to the improvement of knowledge production processes in economics. Attempts by economists, such as that by Gilboa et al. (2022. Economic theories and their dueling interpretations. <i>Journal of Economic Methodology</i>, 1-20) to engage in such a discourse are laudable and needed because they draw on field-specific expertise and experience from economic practice and thereby can steer such discourse into promising directions. However, while Gilboa et al. seem to share the ambition of doing economic methodology in the service of progress, their contribution is not sufficiently self-critical. Instead of seriously considering the diversity of contemporary modeling practices, their position commits them to an outdated view of economics and can be read as licensing the preservation of conceptual and theoretical elements of standard economics that the discipline has long been criticized for. As such, the authors miss out on fully reaching their own ambitions of a practice-based appraisal that pushes economists towards self-critical and forward-looking modeling.</p>","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"31 4","pages":"249-264"},"PeriodicalIF":1.7,"publicationDate":"2024-12-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC11776171/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143068632","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Beyond uncertainty: reasoning with unknown possibilities (Elements in Decision Theory and Philosophy)","authors":"E. Piermont","doi":"10.1080/1350178x.2024.2376417","DOIUrl":"https://doi.org/10.1080/1350178x.2024.2376417","url":null,"abstract":"Published in Journal of Economic Methodology (Ahead of Print, 2024)","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"245 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141779243","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Paternalism for rational agents","authors":"Kevin Leportier","doi":"10.1080/1350178x.2024.2346116","DOIUrl":"https://doi.org/10.1080/1350178x.2024.2346116","url":null,"abstract":"In the context of strategic interactions, individuals sometimes find themselves better off when they have fewer options. This mechanism is known under the name of ‘strategic commitment’, as it is u...","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"2015 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140935406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Experimental approach to development economics: a review of issues and options","authors":"C. S. C. Sekhar, Namrata Thapa","doi":"10.1080/1350178x.2024.2341292","DOIUrl":"https://doi.org/10.1080/1350178x.2024.2341292","url":null,"abstract":"Randomized control trials (RCTs) are recognized as the preferred tool of analysis in modern development economics literature/research and policy evaluation. This may lead to methodologies, includin...","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"27 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-04-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140611811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Economic models and their flexible interpretations: a philosophy of science perspective","authors":"Jaakko Kuorikoski, Caterina Marchionni","doi":"10.1080/1350178x.2024.2336048","DOIUrl":"https://doi.org/10.1080/1350178x.2024.2336048","url":null,"abstract":"We mobilise contemporary philosophy of science to further clarify observations on economic modelling made by Gilboa et al. (2023). We adopt a normative stance towards these modelling practices to i...","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"72 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140602824","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Insider apology for microeconomic theorising?","authors":"Maarten Janssen, Tarja Knuuttila, Mary S. Morgan","doi":"10.1080/1350178x.2024.2326895","DOIUrl":"https://doi.org/10.1080/1350178x.2024.2326895","url":null,"abstract":"This comment on 'Economic theories and their Dueling interpretations' questions the descriptive adequacy of the ‘sociology of economics' proposed by Gilboa, Postlewaite, Samuelson, and Schmeidler (...","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"90 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140168837","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Explanation, prediction, and conceptual exploration","authors":"Daniel Hausman","doi":"10.1080/1350178x.2024.2326909","DOIUrl":"https://doi.org/10.1080/1350178x.2024.2326909","url":null,"abstract":"This essay aims to provide a rigorous foundation for Gilboa's, Postlewaite's, Samuelson's and Schmeidler's (GPSS's) account of the constitution of models and the role of models in explanation and p...","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"98 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140168755","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Aurélien Goutsmedt, Francesco Sergi, Béatrice Cherrier, Juan Acosta, Clément Fontan, François Claveau
{"title":"To change or not to change. The evolution of forecasting models at the Bank of England","authors":"Aurélien Goutsmedt, Francesco Sergi, Béatrice Cherrier, Juan Acosta, Clément Fontan, François Claveau","doi":"10.1080/1350178x.2024.2303113","DOIUrl":"https://doi.org/10.1080/1350178x.2024.2303113","url":null,"abstract":"Why do policymakers and economists within a policymaking institution choose to throw away a model and to develop an alternative one? Why do they choose to stick to an existing model? This article c...","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"25 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139764344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Equilibrium modeling in economics: a design-based defense","authors":"Armin W. Schulz","doi":"10.1080/1350178x.2024.2310214","DOIUrl":"https://doi.org/10.1080/1350178x.2024.2310214","url":null,"abstract":"Several authors have recently argued that the excessive focus on equilibrium models in mainstream economic analysis prevents economists from providing accurate representations of the complex and dy...","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"14 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139903468","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Good and bad justifications of analytical modelling","authors":"Robert Sugden","doi":"10.1080/1350178x.2023.2275584","DOIUrl":"https://doi.org/10.1080/1350178x.2023.2275584","url":null,"abstract":"Gilboa, Postlewaite, Samuelson and Schmeidler (2022, Economic theories and their dueling interpretations. Journal of Economic Methodology, 1–20. https://doi.org/10.1080/1350178X.2022.2142270; henceforth GPSS) give a ‘sociological’ account of various ways in which economists claim to find value in ‘analytical’ models – i.e. models that investigate formal relationships between concepts without deriving substantive empirical or normative conclusions. In this paper, I argue that some of the claims that GPSS report economists as making are defensible, but that others are used in support of modelling strategies that have little or no scientific value.","PeriodicalId":46507,"journal":{"name":"Journal of Economic Methodology","volume":"59 10","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136346981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}